Another key inflation measure hit a record high
CNN
A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren't going away.
The US producer price index, which tracks what America's producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings. It was the biggest calendar-year increase since the data series began in 2010, according to the Bureau of Labor Statistics.
It was a slightly smaller advance than economists had predicted.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.